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Weekly Capsule for the week ending 06th November 2026
Research Desk7 November 20266 min read
Weekly Capsule for the week ending 06th November 2026
Weekly Capsule (Nov 02 – Nov 06) and Impact Analysis
| News Announcement | Impact Analysis |
|---|---|
| Democrats complete a clean sweep of the House and Senate in US Mid-Terms | While a Democrat swing was expected; their margin of victory over the Republicans was much wider than expected In terms of implications; it is likely to make Trump’s remaining two years tough, put an end to Iran war, and depress AI stocks |
| FPIs sell $3.67 billion in Indian equities in October 2026; net buy in H2-Oct26 | IT and Telecom saw aggressive buying by FPIs, in the second fortnight on anti-AI trade and the Jio Platforms IPO demand Selling by FPIs was quite strong in sectors like FMCG, BFSI, Automobiles, Healthcare, Capital Goods, Oil, and Metals |
| The last 6 trading sessions saw a frenetic rally in the Nifty and Sensex | Nifty gained 2,332 points (+10.27%) and Sensex gained 7,782 points (+10.62%) in the last 6 market trading sessions The rally was triggered by a win for Democrats, hopes of Iran war ending, aggressive FPI buying, and sharp fall in oil prices |
| FPIs net buy equities of $4.12 billion in the first trading week of November | There was consistent buying on all 5 days with Friday seeing net FPI buying of close to $1.72 billion, essentially in IT stocks The turnaround in FPI buying was one of the main reasons for the rally, as risk-on money came back to India in a big way |
| India data centre push to give a $105 billion spike to the overall import bill | An addition of 1 GWh of data centre capacity entails $30 billion outlay, of which 70% is from imported equipment A total of 5 GWh of data centre capacity addition is required in the next few years to meet the rising demand of AI companies |
| Razorpay has secured SEBI approval for its ₹6,000 crore proposed IPO | Razorpay had filed for IPO through the confidential route, and will now have to file an updated DRHP to go ahead with IPO The IPO is likely at an indicative valuation of $5 billion, which is almost half the valuation, Razorpay was originally targeting |
| Coal India stockpiles deplete rapidly, captive coal production increases | Coal India saw its stockpiles nearly halving in FY27 as the dispatches exceeded output substantially amid heavy demand The month of October saw captive mine output increase by 42% yoy to 22.03 million tonnes through 87 captive mines |
| Rabi sowing has been nearly 45.6% lower this year compared to 2025 | The total area under Rabi sowing fell from 69 lakh hectares to 37.6 lakh hectares, on top of weak Kharif output this year Apart from a rainfall deficit of 48% in October, low reservoir levels were also largely responsible for the weak Rabi sowing |
| Brent Crude oil prices fell by -19.6% in first 3 trading days in futures market | The sharp fall from $117.64/bbl to $94.62/bbl was on hopes that a Democrat victory will put an early end to the Iran war In the last 2 days of the week, the price of Brent Crude jumped to $98/bbl as Houthi and Iranian attacks persisted |
| USDINR hardens during the week from ₹95.2/$ to ₹94.2/$ on peace hopes | The victory of Democrats raised hopes of an end to the US-Iran war and resumption of trade through Straits of Hormuz In addition, the sharp fall in crude oil prices also had an impact on the rupee as India imports nearly 90% of its crude needs |
| Spot Gold bounces to $4,063/oz; Spot silver recovers to $52.01/oz this week | The recovery was very marginal but helped hold the support levels of $4,000 for spot gold and $50 for spot silver With rates headed higher amid rising inflation, and a recovery in economic growth; precious metals may take a back seat |
| NASDAQ index fell sharply in November as it lost over 1,200 points in 5 days | The fall got exacerbated with the defeat of Republicans in the mid-term polls, which raises questions on AI investments Also, Magnificent Seven have added $700 billion of debt this year and rising yields could wipe out $1.6 trillion market cap |
| The Stockal Scam is pegged to be worth $6.26 million or around ₹60 crore | Indian investors who had bought US stocks suddenly found their stocks sold and an unknown Chinese stock purchased The Chinese stock soon became worthless, causing big losses. For now, it is more of a blame game with no solution in sight |
| Indian forex reserves fell to $717 billion for the week ending October 30, 2026 | With the latest week’s fall, the RBI’s forex reserves have seen a depletion of nearly $70 billion from the peak of $786 billion While the FCNR(B) flows boosted forex reserves, the RBI has rapidly used it up by selling dollars to defend the Indian rupee |
| Block deals slump by 70% as FPIs opt to postpone sale of stocks till budget | This decision came after the government hinted that the 12.5% LTCG tax on foreign investors may be scrapped While this is not yet confirmed, the general global practice is to only tax, capital gains in the country of FPI domicile |
| NCLT has declared Venugopal Dhoot of Videocon Industries as bankrupt | This was after Dhoot defaulted on personal guarantees given to SBI for loans of ₹12,668 crore extended to his group Venugopal Dhoot had asked for a settlement by paying ₹600 crore, but the same has been rejected for the time being |
| Adani copper smelter targets 85% capacity utilization by March 2027 | This is a big spike because in the September quarter, the company produced 80,200 tonnes of copper at 64% utilization However, copper concentrate (a key input) has been facing a tight market due to substantial copper stockpiling by the US |
| India CPI inflation for October to touch a 24-month high of 6.1% led by food | This is above the upper tolerance limit of 2-6% inflation and will make a strong case for one more rate hike in December This will mark the twelfth consecutive MOM increase in CPI inflation with food inflation well above the 8% level |
| ONGC reported 57.3% higher net profits for Q2FY27 at ₹15,489 crore | The surge in profits was led by stronger crude realizations which went up 37% yoy from $67.34/bbl to $92.33/bbl ONGC witnessed a fall in the standalone production of oil and gas during the second quarter of FY27 amid operational delays |
| Bharti Airtel re-introduces 299 plan to get back the base-of-pyramid customer | After it cancelled the 299 entry-level plan, Bharti Airtel saw a 78% sequential fall in subscriber additions, amid higher ARPU While ARPUs remained robust at ₹271, Airtel is worried about losing the entry-level customer entirely to Jio Platforms |
| Encube Ethicals, backed by Quadria gets SEBI nod for ₹3,000 crore IPO | The IPO will be an offer for sale (OFS) with promoters selling ₹2,000 crore and Quadria selling ₹1,000 worth of shares Encube has 3 verticals; global generics, global CDMO, and branded formulations; with plants in Goa and in Indore |
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